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Future Approach to Advancing Accountancy Education At the Global Level

A comprehensive and integrated strategy designed to harness IFAC's comparative advantages in advancing accountancy education, with strategic advice, knowledge access, and advocacy provided by the IPAЕ. Transition plan, establishment of International Panel on Accountancy Education, engagement with stakeholders, and enhanced knowledge sharing through a new Gateway.

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Future Approach to Advancing Accountancy Education At the Global Level

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  1. Future Approach to Advancing Accountancy Education At the Global Level Kevin Dancey, CEO Alta Prinsloo, Executive Director

  2. June IAESB Board Meeting Advancing Accountancy Education At the Global LevelA Strategic Priority for IFAC • New video provides overview of key features https://www.youtube.com/watch?v=2vfOlORv6hQ&feature=youtu.be • Comprehensive and integrated approach • Designed to be relevant, responsive, effective, open • Designed to harness IFAC’s comparative advantages to respond with agility and efficiency • Strategic advice, access to knowledge, and advocacy provided by the IPAE • Multi-Stakeholder Engagement Framework to inform fit-for-future strategy • Built on the work of the IAESB to render a wide range of services

  3. June IAESB Board Meeting Future Approach • Transition • IAE Transition Advisory Group calls and key AE stakeholder webinars • IAESB-IFAC Transition and Communications Plan • IAESB handover packages, and engagement with chair of public sector w/g • Final set of IES • Establishment • International Panel on Accountancy Education • Key stakeholder database • International Forum for AE Directors • E-tool • Progress made possible through support and work of IAESB

  4. June IAESB Board Meeting International Panel on Accountancy Education • Terms of Reference • Developed with input from IAETAG and approved by IFAC Board • Illustrative roles and responsibilities • Illustrative consultation process for new/revised IES • Inaugural meeting on September 12-13 in New York

  5. June IAESB Meeting International Panel on Accountancy Education • 10-16 members • Nominated by IFAC Members and Forum of Firms Members • Individuals well-suited to provide strategic advice,facilitate access, andadvocate • Diverse in geographical representation; developed, emerging, and developing economies • Diverse in expertise and experience; representative of key stakeholders • Process and proposed recommendations reviewed by IFAC Nominating Committee • Recommendations approved by IFAC Board

  6. June IAESB Board Meeting International Panel on Accountancy Education • Call for Nominations (March) • Assessment of submissions (May) • Strategic advice; access; advocacy; future-focused; IES dev., adopt. and impl. • Interviews with potential candidates (May – July) • 33 submission; 25 selected for interview • IFAC Board and Nominating Committee • Frequent updates (March, May, June) • Recommendations for approval (July)

  7. June IAESB Meeting Key Accountancy Education Stakeholders • Essential to development of future-focused IFAC strategy • Rich database of key AE stakeholders • Call for information issued to IFAC Members and FoF Members • Attendees of key AE stakeholder webinars • IAESB stakeholder information • Confirmation of information (July – August) • Virtual roundtables • Online surveys and discussion forums • International forum for key AE stakeholders in November 2020 alongside IFAC Council meeting in Vienna

  8. June IAESB Meeting International Forum for Accountancy Education Directors • Source of input to IPAE and support for IFAC staff • Draws on output from key AE stakeholder engagement to: • Provide input to IFAC strategy • Advise on need to revise IES • Identify and prioritize projects • Assists to identify expertise and resources for projects • Shares / collaborates on development of knowledge • Contributes to new Gateway • To meet on February 21 alongside annual Chief Executives’ Forum in New York

  9. June IAESB Meeting Enhanced Knowledge Sharing • E-tool based on IES to provide framework for wide range of services • Consultative group being established • New Gateway • Consultative Groups as part of future approach

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